Financially, Rigetti Computing showed strong promises of growth in Q2 of 2023 through a high revenue of $3.33 million which grew 55.9% YoY. The company also beat consensus earnings estimates by 20.89% on revenue. However, net income dipped to -$16.97 million The reverse split will reduce outstanding shares from approximately 101.7 million to 7.8 million. Trading will continue under the symbol "LITM" with a new CUSIP number 83336J307. The split will automatically convert 13 current shares into 1 new share, affecting all shareholders uniformly. litm stock price continues to fluctuate with sentiment in the broader lithium market, where spot prices are recovering from early-year lows. Hedge funds have notably reduced short positions.